Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Italian group revs up for electric car boom with new fund – Citywire

Italian boutique Symphonia has launched a new fund focused on electric vehicles to tap into the sector’s strong growth potential, Citywire Global has learned.

The new fund, called EV Revolution, currently has €20 million in seed capital and is set to focus on electric and hybrid auto companies and components.

Commenting on the launch, the fund’s portfolio manager, Citywire + ra More

Italian boutique Symphonia has launched a new fund focused on electric vehicles to tap into the sector’s strong growth potential, Citywire Global has learned.

The new fund, called EV Revolution, currently has €20 million in seed capital and is set to focus on electric and hybrid auto companies and components.

Commenting on the launch, the fund’s portfolio manager, Citywire + ra More

[…]

£37m Sunderland investment for Nissan | Insider Media

The cash injection will extend the plant and include an eighth press line being installed, supporting ongoing UK production of Nissan’s best-selling Qashqai and Juke crossovers; the Nissan Note and the all-electric Nissan LEAF.

Going into production in 2017, the new line will be the biggest at the Sunderland site and the first of its type in the Renault-Nissan Alliance. It will make l More

The cash injection will extend the plant and include an eighth press line being installed, supporting ongoing UK production of Nissan’s best-selling Qashqai and Juke crossovers; the Nissan Note and the all-electric Nissan LEAF.

Going into production in 2017, the new line will be the biggest at the Sunderland site and the first of its type in the Renault-Nissan Alliance. It will make l More

[…]

Tesla plans to tap into an up to $750 million credit deal with banks – Fortune

FREMONT, CA – AUGUST 16: A row of new Tesla Superchargers are seen outside of the Tesla Factory on August 16, 2013 in Fremont, California. Tesla Motors opened a new Supercharger station with four stalls for public use at their factory in Fremont, California. The Superchargers allow owners of the Tesla Model S to charge their vehicles in 20 to 30 minutes for free. There are now 18 charging st More

FREMONT, CA – AUGUST 16: A row of new Tesla Superchargers are seen outside of the Tesla Factory on August 16, 2013 in Fremont, California. Tesla Motors opened a new Supercharger station with four stalls for public use at their factory in Fremont, California. The Superchargers allow owners of the Tesla Model S to charge their vehicles in 20 to 30 minutes for free. There are now 18 charging st More

[…]

China battery maker BYD aims to raise 15 billion yuan in A-share placement | South China Morning Post

Rechargeable battery manufacturer BYD in China plans to raise 15 billion yuan from an A-share placement to invest in Lithium-ion (Li-ion) batteries and new energy vehicles and repay loans, the Hong Kong and Shenzhen-listed firm announced on Thursday.

The mainland company is the world’s largest supplier of rechargeable batteries and is also engaged in new energy, IT and automobiles.

More

Rechargeable battery manufacturer BYD in China plans to raise 15 billion yuan from an A-share placement to invest in Lithium-ion (Li-ion) batteries and new energy vehicles and repay loans, the Hong Kong and Shenzhen-listed firm announced on Thursday.

The mainland company is the world’s largest supplier of rechargeable batteries and is also engaged in new energy, IT and automobiles.

More

[…]

Tesla loss narrows as electric car orders rise – BBC News

Electric car maker Tesla has reported better-than-expected revenue growth as sales of the firm’s cars continue to grow.
Tesla said it manufactured 11,600 cars in the first three months of 2015, 1,000 more than it had been projecting.
That led to revenues of $893m (£586m), a 52% increase from a year earlier.
However, the firm still reported a loss of $154m, reflecting conti More

Electric car maker Tesla has reported better-than-expected revenue growth as sales of the firm’s cars continue to grow.
Tesla said it manufactured 11,600 cars in the first three months of 2015, 1,000 more than it had been projecting.
That led to revenues of $893m (£586m), a 52% increase from a year earlier.
However, the firm still reported a loss of $154m, reflecting conti More

[…]

This British company just crowdfunded $1.9 million for a nationwide network of electric car chargers – Quartz

It’s a term owners of electric cars know all too well: “range anxiety,” or the fear of running out of juice before finding a plug point. Just ask the Norwegians, who are the world’s biggest electric-car enthusiasts on a per capita basis. A list words of the year (link in Norwegian) produced by Norway’s Language Council in 2013, includes “rekkeviddeangst”—yes, that’s “range anxi More

It’s a term owners of electric cars know all too well: “range anxiety,” or the fear of running out of juice before finding a plug point. Just ask the Norwegians, who are the world’s biggest electric-car enthusiasts on a per capita basis. A list words of the year (link in Norwegian) produced by Norway’s Language Council in 2013, includes “rekkeviddeangst”—yes, that’s “range anxi More

[…]

BMW Said To Buy Stake In Tesla Motors Inc

Tesla Motors Inc (NASDAQ:TSLA) has lost one big investor but is said to have gained another. This week Daimler AG (OTCMKTS:DDAIF) (RA:DAI) (ETR:DAI) sold its 4% stake in the electric vehicle maker, and investors began speculating that Bayerische Motoren Werke AG (ETR:BMW) (FRA:BMW) picked up that stake.

Tesla Motors TSLA
Daimler sells Tesla stake

Forbes contributor Neil Winton More

Tesla Motors Inc (NASDAQ:TSLA) has lost one big investor but is said to have gained another. This week Daimler AG (OTCMKTS:DDAIF) (RA:DAI) (ETR:DAI) sold its 4% stake in the electric vehicle maker, and investors began speculating that Bayerische Motoren Werke AG (ETR:BMW) (FRA:BMW) picked up that stake.

Tesla Motors TSLA
Daimler sells Tesla stake

Forbes contributor Neil Winton More

[…]

Daimler sells stake in Tesla for $780 million, electric vehicle partnership not affected

Daimler AG says it has sold its 4 percent stake in electric car maker Tesla for $780 million.

The buyer was not disclosed.

The Germany-based parent of Mercedes-Benz says its partnership with Tesla Motors Inc. is unaffected. Tesla made the battery packs and chargers for the two-seat electric smart and developed part of the electric drive system in the B-Class Electric Drive.
Mor More

Daimler AG says it has sold its 4 percent stake in electric car maker Tesla for $780 million.

The buyer was not disclosed.

The Germany-based parent of Mercedes-Benz says its partnership with Tesla Motors Inc. is unaffected. Tesla made the battery packs and chargers for the two-seat electric smart and developed part of the electric drive system in the B-Class Electric Drive.
Mor More

[…]

Chargepoint tops off latest funding, has now raised $114M – Silicon Valley Business Journal

Chargepoint has apparently completed a $27 million round of funding to expand its network…more
Share via Facebook
Share via Twitter
Share via LinkedIn
Share via Email
Chargepoint, the electric car recharging network operator formerly known as Coulomb Technologies, said this week it has raised new funds from Constellation Technology Ventures.

The Campbell comp More

Chargepoint has apparently completed a $27 million round of funding to expand its network…more
Share via Facebook
Share via Twitter
Share via LinkedIn
Share via Email
Chargepoint, the electric car recharging network operator formerly known as Coulomb Technologies, said this week it has raised new funds from Constellation Technology Ventures.

The Campbell comp More

[…]

MyCarma Reaches Electric Car Logging Device Crowdfunding Goal

CrossChasm, the same fleet-logging specialists responsible for offering some pretty interesting insights into electric vehicle performance and battery condition in extreme weather conditions, has successfully complet More

CrossChasm, the same fleet-logging specialists responsible for offering some pretty interesting insights into electric vehicle performance and battery condition in extreme weather conditions, has successfully complet More

[…]

Guess Who’s Back? Envia Returns With $7.7 Million Advanced Battery Contract Funded By U.S. Government

After developing lithium-ion battery cells with energy density of over 400 Wh/kg, followed by some strange scandal and lawsuits and more lawsuits, it seems that Envia is moving forward with developments together with the DoE, who recently awarded company $3.8 million with goal of exceeding 200 Wh/kg and now the USABC with another $7.7 million with a goal of 350 Wh/kg on the cell level.

It More

After developing lithium-ion battery cells with energy density of over 400 Wh/kg, followed by some strange scandal and lawsuits and more lawsuits, it seems that Envia is moving forward with developments together with the DoE, who recently awarded company $3.8 million with goal of exceeding 200 Wh/kg and now the USABC with another $7.7 million with a goal of 350 Wh/kg on the cell level.

It More

[…]

Chinese Tesla Fan Builds Crowdsourced Charging Network

Electric vehicle chargers are slowly breaking into the mainstream here in the U.S., but for Tesla drivers in China, they are few and far between. One Chinese businessman is looking to change that.

When Andrew Zong picked up his new Tesla Model S in Beijing he realized there was no way he could drive it home to Guangzhou without stopping for a charge. Unlike the U.S. and parts of Europe, out More

Electric vehicle chargers are slowly breaking into the mainstream here in the U.S., but for Tesla drivers in China, they are few and far between. One Chinese businessman is looking to change that.

When Andrew Zong picked up his new Tesla Model S in Beijing he realized there was no way he could drive it home to Guangzhou without stopping for a charge. Unlike the U.S. and parts of Europe, out More

[…]

Electric car charger start-up Chargemaster backed by £3m Beringea investment

Growth capital funding will be used to strengthen company’s leading position in UK and European electric vehicle markets
by Ryan Platt
Updated: Jul 14, 2014 Published: Jul 14, 2014
2
Electric car charger start-up Chargemaster backed by £3m Beringea investment

Chargemaster: David Martell

Beringea, the venture capital firm which manages the ProVen Venture Cap More

Growth capital funding will be used to strengthen company’s leading position in UK and European electric vehicle markets
by Ryan Platt
Updated: Jul 14, 2014 Published: Jul 14, 2014
2
Electric car charger start-up Chargemaster backed by £3m Beringea investment

Chargemaster: David Martell

Beringea, the venture capital firm which manages the ProVen Venture Cap More

[…]

72% increase in venture capital funding in solar energy sector

CHENNAI: Global venture capital (VC) funding into the solar energy sector in the second quarter of 2014 increased 72% to $432 million in 21 deals, from $251 million in 26 deals in the first quarter of the year, according to a report by Mercom Capital Group, a global clean energy communications and consulting firm.

The largest VC/PE deal during the quarter was a $150-million raise by Sunrun, More

CHENNAI: Global venture capital (VC) funding into the solar energy sector in the second quarter of 2014 increased 72% to $432 million in 21 deals, from $251 million in 26 deals in the first quarter of the year, according to a report by Mercom Capital Group, a global clean energy communications and consulting firm.

The largest VC/PE deal during the quarter was a $150-million raise by Sunrun, More

[…]

Boston-Power raising huge $250M round to make more electric car batteries – Yahoo Finance

Electric car battery from Boston-Power, image courtesy of Boston Power.

Battery maker Boston-Power is closing on a round of $250 million from investors in China and elsewhere, reports the Wall Street Journal’s Venture Capital Dispatch blog. The company, founded in 2005 in Massachusetts, originally made lithium ion batteries for consumer electronics, but in 2011 launched its electric car l More

Electric car battery from Boston-Power, image courtesy of Boston Power.

Battery maker Boston-Power is closing on a round of $250 million from investors in China and elsewhere, reports the Wall Street Journal’s Venture Capital Dispatch blog. The company, founded in 2005 in Massachusetts, originally made lithium ion batteries for consumer electronics, but in 2011 launched its electric car l More

[…]

CarCharging Announces First Quarter 2014 Financial Results – MarketWatch

MIAMI BEACH, Fla., June 9, 2014 /PRNewswire/ — Car Charging Group, Inc.(otcqb:CCGI) (“CarCharging”), the largest owner, operator, and provider of electric vehicle (EV) charging services, announced its financial results for the first quarter of 2014. After growing the business in 2013 through organic growth and various acquisitions, CarCharging’s key performance indicators More

MIAMI BEACH, Fla., June 9, 2014 /PRNewswire/ — Car Charging Group, Inc.(otcqb:CCGI) (“CarCharging”), the largest owner, operator, and provider of electric vehicle (EV) charging services, announced its financial results for the first quarter of 2014. After growing the business in 2013 through organic growth and various acquisitions, CarCharging’s key performance indicators More

[…]

EV Connect Secures $1.5 Million Contract for Charge NY

New York Power Authority approves major commercial project to expand EV charging infrastructure at 37 key locations throughout New York State.

Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friendRepost This

EV Connect managed EV charging stations

Brad Juhasz charging his electric vehicle at an EV Connect managed charging station.
NYPA has More

New York Power Authority approves major commercial project to expand EV charging infrastructure at 37 key locations throughout New York State.

Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friendRepost This

EV Connect managed EV charging stations

Brad Juhasz charging his electric vehicle at an EV Connect managed charging station.
NYPA has More

[…]

IDTechEx: Electric Cars Reinvented – $178.9 Billion Market

CAMBRIDGE, England–(BUSINESS WIRE)–

IDTechEx finds that the global sale of hybrid and pure electric cars will triple to $178.9 billion in 2024 as they are transformed in most respects. Up-to-date ten year forecasts are provided in this new IDTechEx report, “Hybrid and Pure Electric Cars 2014-2024” www.IDTechEx.com/cars – unique in revealing how everything about such ca More

CAMBRIDGE, England–(BUSINESS WIRE)–

IDTechEx finds that the global sale of hybrid and pure electric cars will triple to $178.9 billion in 2024 as they are transformed in most respects. Up-to-date ten year forecasts are provided in this new IDTechEx report, “Hybrid and Pure Electric Cars 2014-2024” www.IDTechEx.com/cars – unique in revealing how everything about such ca More

[…]

Company surpasses $1 million crowdfunding target for solar-power roads (+video)

Earlier this month, we asked whether solar roads could generate enough energy to serve some of the nation’s power needs.

With tens of thousands of miles of solar-power generating roads, parking lots, sidewalks and other open spaces–without needing to clear space in untouched, natural areas–it seems like an ideal, if expensive solution.

RECOMMENDED: Think you’r More

Earlier this month, we asked whether solar roads could generate enough energy to serve some of the nation’s power needs.

With tens of thousands of miles of solar-power generating roads, parking lots, sidewalks and other open spaces–without needing to clear space in untouched, natural areas–it seems like an ideal, if expensive solution.

RECOMMENDED: Think you’r More

[…]

Motor racing-Electric series raises 50 million euros from investors

LONDON, May 14 (Reuters) – The Formula E electric car racing series has raised 50 million euros ($68.5 million) from new investors including Californian technology company Qualcomm to help fund its launch this year, organisers said on Wednesday.

Qualcomm and Amura Capital, a private equity fund based in Andorra, are the main new investors ahead of the first race which is scheduled to More

LONDON, May 14 (Reuters) – The Formula E electric car racing series has raised 50 million euros ($68.5 million) from new investors including Californian technology company Qualcomm to help fund its launch this year, organisers said on Wednesday.

Qualcomm and Amura Capital, a private equity fund based in Andorra, are the main new investors ahead of the first race which is scheduled to More

[…]

Smith Electric Vehicles gets $42m backing

Electric van manufacturer Smith Electric Vehicles is to resume production this summer, following a $42m (£25m) funding commitment from Chinese firm Sinopoly Battery Limited.

The investment will be made in three parts, with the first $2m (£1.2m) already closed, and the remainder set to go through pending unnamed milestones to be achieved by both companies in the meantime.

As a strat More

Electric van manufacturer Smith Electric Vehicles is to resume production this summer, following a $42m (£25m) funding commitment from Chinese firm Sinopoly Battery Limited.

The investment will be made in three parts, with the first $2m (£1.2m) already closed, and the remainder set to go through pending unnamed milestones to be achieved by both companies in the meantime.

As a strat More

[…]

Electric Vehicle Charging Station Startup ChargePoint Raises $22.6 Million

The electric vehicle market is a hard road for any startup. Ignoring Tesla’s booming success on the stock market over the past year, the industry lays rife with recent high-profiles failures: Better Place, ECOtality and Fisker Automotive.

That doesn’t seem to be stopping ChargePoint, currently one of the largest network providers of electric vehicle charging stations. The Campbell, CA-b More

The electric vehicle market is a hard road for any startup. Ignoring Tesla’s booming success on the stock market over the past year, the industry lays rife with recent high-profiles failures: Better Place, ECOtality and Fisker Automotive.

That doesn’t seem to be stopping ChargePoint, currently one of the largest network providers of electric vehicle charging stations. The Campbell, CA-b More

[…]

Tesla beats Q1 EV goals: Ramps for 2015′s Model X

Tesla delivered 6,457 Model S EVs in its first 2014 quarter, and produced 7,535, as the company ramps up to deliver right-hand drive cars from June and continues working on the delayed Model X SUV. Elon Musk’s car firm saw a non-GAAP income of $17m (GAAP loss of $50m) and expects to deliver more than 35,000 vehicles in 2014.

Spending on R&D increased 17-percent compared to the pr More

Tesla delivered 6,457 Model S EVs in its first 2014 quarter, and produced 7,535, as the company ramps up to deliver right-hand drive cars from June and continues working on the delayed Model X SUV. Elon Musk’s car firm saw a non-GAAP income of $17m (GAAP loss of $50m) and expects to deliver more than 35,000 vehicles in 2014.

Spending on R&D increased 17-percent compared to the pr More

[…]

Worried about losing power, Nick? Now Clegg launches £500million fund to overcome fears about electric cars’ flat batteries

Cash boost announced today will fund more roadside charging point plugs
Initiative will extend £5,000 subsidy encouraging drivers to buy the vehicles
Move follows criticism that motorists are being put off buying cars because of the lack of places to charge them
The rapid charge-points can power up a car in as little as 20 minutes
Councils able to bid f More

Cash boost announced today will fund more roadside charging point plugs
Initiative will extend £5,000 subsidy encouraging drivers to buy the vehicles
Move follows criticism that motorists are being put off buying cars because of the lack of places to charge them
The rapid charge-points can power up a car in as little as 20 minutes
Councils able to bid f More

[…]

Fox Baltimore $1 Million to be Put Toward Electric Vehicle Charging Stations in MD

Attorney General Doug Gansler on Thursday is expected to announce $1 million in funds being made available for the development of a statewide network of fast-charge electric vehicle (EV) charging stations. The money for the project comes from an energy-related settlement over violations of the Clean Air Act, Gansler’s office said. Fast chargers work within 30 minutes; the current charging op More

Attorney General Doug Gansler on Thursday is expected to announce $1 million in funds being made available for the development of a statewide network of fast-charge electric vehicle (EV) charging stations. The money for the project comes from an energy-related settlement over violations of the Clean Air Act, Gansler’s office said. Fast chargers work within 30 minutes; the current charging op More

[…]

City, IPL ask for $16 million electric rate hike for car share program

Indianapolis Power and Light and the city are asking state regulators for a possible $16 million rate hike to cover the cost of Mayor Greg Ballard’s proposed electric car sharing program.

In a filing with the Indiana Utility Regulatory Commission, IPL research analyst Kimberly Berry said the rate increase would amount to 44 cents a month for the typical customer beginning in January 2018. More

Indianapolis Power and Light and the city are asking state regulators for a possible $16 million rate hike to cover the cost of Mayor Greg Ballard’s proposed electric car sharing program.

In a filing with the Indiana Utility Regulatory Commission, IPL research analyst Kimberly Berry said the rate increase would amount to 44 cents a month for the typical customer beginning in January 2018. More

[…]

GM to Announce $450 Million Investment in Electric Car Research and Production

Auto Maker Sees 1,400 New Jobs as It Looks to Bolster Development of Chevy Volt, Cadillac ELR

General Motors Co. is expected to announce on Tuesday a $450 million investment in two Michigan plants to bolster the development and production of its Chevrolet Volt and Cadillac ELR hybrid-electric vehicles.

The funding will be split between the auto maker’s Detroit-Hamtramck car as More

Auto Maker Sees 1,400 New Jobs as It Looks to Bolster Development of Chevy Volt, Cadillac ELR

General Motors Co. is expected to announce on Tuesday a $450 million investment in two Michigan plants to bolster the development and production of its Chevrolet Volt and Cadillac ELR hybrid-electric vehicles.

The funding will be split between the auto maker’s Detroit-Hamtramck car as More

[…]

BMW offers creative i3 financing

The BMW i3 has gotten the company’s financial arm, BMW Group Financial Services, to tailor a new spin on creative financing to the buyers of this new EV.
With the launch of the BMW i3, the brand’s first premium electric vehicle, BMW Group Financial Services (BMW GFS) said it created a financial “solution” to ownership that provides eligible customers with the options to lower their m More

The BMW i3 has gotten the company’s financial arm, BMW Group Financial Services, to tailor a new spin on creative financing to the buyers of this new EV.
With the launch of the BMW i3, the brand’s first premium electric vehicle, BMW Group Financial Services (BMW GFS) said it created a financial “solution” to ownership that provides eligible customers with the options to lower their m More

[…]

TESLA ANNOUNCES $1.6 BILLION CONVERTIBLE NOTES OFFERING

WEDNESDAY, FEBRUARY 26, 2014
PALO ALTO, Calif., February 26, 2014 – Tesla announced today an offering of $1.6 billion aggregate principal amount of convertible senior notes in an underwritten registered public offering. Of the total offering, Tesla will offer $800 million aggregate principal amount of convertible senior notes due 2019 and $800 million aggregate principal amount of converti More

WEDNESDAY, FEBRUARY 26, 2014
PALO ALTO, Calif., February 26, 2014 – Tesla announced today an offering of $1.6 billion aggregate principal amount of convertible senior notes in an underwritten registered public offering. Of the total offering, Tesla will offer $800 million aggregate principal amount of convertible senior notes due 2019 and $800 million aggregate principal amount of converti More

[…]

Tesla’s 619% stock price gain stuns auto world

The electric car maker has seen the highest gain since its IPO than any company since 2006

Tesla Motors, which has seen its shares soar 619% in a year, has become the fastest growing automotive stock in at least two decades, a new analysis says.

As if that isn’t impressive enough, the analysis by Bloomberg News also finds that the electric car maker’s 15-fold increase in More

The electric car maker has seen the highest gain since its IPO than any company since 2006

Tesla Motors, which has seen its shares soar 619% in a year, has become the fastest growing automotive stock in at least two decades, a new analysis says.

As if that isn’t impressive enough, the analysis by Bloomberg News also finds that the electric car maker’s 15-fold increase in More

[…]